Oil falls, investors mull possible conflict escalation | Reuters
Oil prices edged lower on Wednesday, as fears of disruption to supplies due to conflict in the Middle East receded, at least for the time being.
Brent crude fell 49 cents, or 0.56%, to $87.16 a barrel by 1002 GMT. U.S. West Texas Intermediate (WTI) crude fell by 55 cents, or 0.64%, to $85.42.
Brent and WTI had surged more than $3.50 on Monday on concern the military clashes between Israel and Palestinian Islamist group Hamas could escalate into a broader conflict, but settled slightly lower in Tuesday's session.
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